Ricardo's threads | Nothing contributes so much to the prosperity and happiness of a country as high profits

And yet we move: evidence on job-to-job transitions in the euro area

11/13/2025 European Central Bank Central banks

Job-to-job transitions in the euro area are a complementary indicator to standard labour market statistics. These flows, defined as transitions between jobs without a spell of unemployment, capture important adjustment mechanisms in addition to the unemployment rate. Using administrative data for Germany, Spain and France, our analysis highlights the procyclical nature of job-to-job transitions: mobility declines during downturns and rises during expansions. Heterogeneity is also evident across occupations and age groups.

Not all prices disinflate alike: disentangling the dynamics of sticky and flexible-price items

11/13/2025 European Central Bank Central banks

This box draws on micro price evidence on the frequency of price adjustments to disentangle the roles of sticky and flexible-price items in shaping recent disinflation dynamics in the euro area. Inflation of sticky core items has eased only gradually, while flexible core inflation has returned closer to its pre-pandemic average. Among subcategories, flexible goods drove the surge in non-energy industrial goods inflation, while the persistence of services inflation reflects contributions from both sticky and flexible-price items.

Exploring EU-UK trade and investment four years after Brexit

11/13/2025 European Central Bank Central banks

This paper looks at how Brexit has affected trade and foreign direct investment (FDI) between the United Kingdom and the EU. In 2020 the United Kingdom and the EU signed the Trade and Cooperation Agreement (TCA) , establishing the post-Brexit relationship and, in particular, a tariff-free area for goods produced in either of the two economies. However, non-tariff barriers to the trading of goods and services have emerged. Moreover, the United Kingdom’s departure from the EU has affected its attractiveness as an investment target.

Minutes of the Market Participants Group meeting – 12 November 2025

11/13/2025 Bank of England Central banks

This was the first meeting of the Market Participants Group (MPG), a senior-level forum for financial market participants to share their views on relevant themes and narratives in financial markets with members of the Bank of England’s Monetary Policy Committee.

The shutdown has ended – but this economist isn’t rejoicing quite yet

11/12/2025 The Conversation USA

After 43 days, the U.S. government shutdown finally came to an end late on Nov. 12, 2025, when Congress voted through a long-overdue funding bill, which President Donald Trump promptly signed.

But the prolonged gap in government-as-usual has come at a cost to the economy.

‘High-impact sabotage’: spy chief issues grave warning about espionage and sabotage threat

11/12/2025 The Conversation News & Comments

The Australian Security Intelligence Organisation (ASIO) has given a dramatic warning that sophisticated hackers backed by foreign governments are increasingly targeting Australian infrastructure such as telecommunications and airports.

ASIO chief Mike Burgess warned we are now at “the threshold for high-impact sabotage”.

Trump’s tariffs threaten the future of innovation – and UK tech could be collateral damage

11/12/2025 The Conversation UK

Gorodenkoff/ShutterstockUS president Donald Trump’s 15% baseline tariffs on EU imports may read like a throwback to old-school protectionism, designed to safeguard American jobs and manufacturing. But in today’s globalised and digitally driven economy, the risk isn’t just to steel or car factories, it’s to innovation itself.

Minutes of the CBDC Engagement Forum - February 2025

11/12/2025 Bank of England Central banks

Meeting of the CBDC Engagement Forum

No time to recover: Hurricane Melissa and the Caribbean’s compounding disaster trap as the storms keep coming

11/12/2025 The Conversation USA

Hurricane Melissa tore off roofs and stripped trees of their leaves, including in many parts of Jamaica hit by Hurricane Beryl a year earlier.

New technologies like AI come with big claims – borrowing the scientific concept of validity can help cut through the hype

11/12/2025 The Conversation USA

Closely examining the claims companies make about a product can help you separate hype from reality. Flavio Coelho/Moment via Getty ImagesTechnological innovations can seem relentless. In computing, some have proclaimed that “a year in machine learning is a century in any other field.” But how do you know whether those advancements are hype or reality?

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